Coty Inc. (New York) has appointed Elio Leoni Sceti as CEO, beginning July 1. Bart Becht, Coty’s current interim CEO and chairman, will remain as chairman following the transition.
Sceti will be responsible for overseeing the growth of the company’s portfolio of fragrances, color cosmetics, and skin and body care brands.
He previously held roles at EMI Music and Iglo Group, where he currently serves as CEO. He also worked for P&G and Reckitt Benckiser.
Sceti is currently an independent member of the board of directors of Anheuser-Busch InBev and will remain as a non-executive board member of Iglo Group.
He serves as chairman of Beamly, a social and content discovery platform around television, and as chairman of LSG Holdings, an investment and advisory boutique. Sceti is also a counselor at One Young World, a global forum bringing together future leaders from more than 160 countries.
“We are extremely pleased to welcome Elio to the top position at Coty,” said Becht. “Elio’s significant experience and proven track record in building successful, global brands will be a tremendous asset to Coty as it continues to enhance its position in the global beauty industry. I have known Elio on a professional level for many years, dating back to our days together at RB, and I firmly believe he is the right leader to oversee the next stage of Coty’s development.”
Sceti added, “I am honored and excited to be joining Coty at this important juncture in the company’s growth. Coty combines my love for building global brands with a passion for innovation and great products that connect with consumers at an emotional level. I believe there is an incredible opportunity to build upon Coty’s established, leading global platform throughout the world, and I look forward to working with all the company’s employees to build upon the amazing collection of Coty global brands and beauty platforms.”